The guys over at Arctic Startup just reported about a new €46.5m venture capital fund in the nordics and baltics (with a cool .vc domain). You can read their full post for more details.
Flash: New early stage tech fund in northern Europe
Recent VC deals in Europe

Austrian venture capital house GCP gamma capital partners has sold online trading platform FatFoogoo to NASDAQ-listed e-commerce group Digital River. The exit values FatFoogoo at $10m and GCP has further agreed an earnout provision.
GrandCentrix GmbH, a Cologne, Germany-based start up which develops a “Smartphone Analytics” technology, has received an undisclosed investment from High-Tech Gründerfonds.The company develops and provides a Platform as a Service (PaaS) which allows suppliers of interactive mobile value added services to achieve a comprehensive consolidation of mobile user identities.
EnjoyVenture has led a second round of financing for amedo Smart Tracking Solutions GmbH.
I-Source has led a €3m first round of financing in Compario, an e-commerce company, along side XAnge Private Equity.
MMC Ventures has invested an undisclosed amount in mobile telecommunications software designer Creativity Software in return for a significant minority stake.
Belgian provider of payment solutions Clear2Pay has acquired Jware Technologies, an internationally operating software technology provider of eCommerce and mobile payment solutions.
Qualitas Private Equity has increased its stake in social networking site Tuenti Technologies to 30%.
Flash: FreshTL raises £300k from YFM Private Equity
YFM Private Equity has invested £300,000 in UK software vendor, FreshTL.
The financing is part of a £600,000 co-investment deal with Greener House Investments, and marks YFM’s first investment from the North West Interim Venture Capital Fund.
FreshTL has created a crowd computing platform that is a combination of software from IBM and Bricsys – a Belgian software vendor.
Latest Venture Capital investments in Europe
- High-Tech Gründerfonds invests in C2Call
- IBB backs MyBrands
- Tecnet leads €2m round for nxtControl
- CDC and CapDecisif pour €2.5m into Caiman
- Fizzback raises £1.6m for its Series B round
High-Tech Gründerfonds has invested in VoIP company C2Call GmbH, alongside two angel investors
IBB Beteiligungsgesellschaft, alongside Grey Corporate Investments and two business angels sourced through the European Founders Fund, have provided a first round of financing for online designer outlet MyBrands
Tecnet Equity, the investment fund of the federal state of Lower Austria, has led a EUR 2m investment round for software company nxtControl GmbH, taking a 38% stake in the company
CDC Entreprises and CapDecisif have participated in an investment round for media support company Groupe Caiman, raising EUR 2.5m
London-based Fizzback raised £1.6M (€1.7M) in a second round of funding led by Nauta Capital and primary backer Advent Venture Partners
European Venture Capital news of the week
Last week was absolutely astonishing regarding venture capital deals in Europe. I was overwhelmed by the amount of news I got. Here are the most important, even though I left out many deals that weren’t digital, web or mobile.
I’m curious to see some stats about the VC industry in this last part of 2009, I have a felling it’s really booming.
PPM Oost invests in Can-iT- Icso backs EUR 4m AT Internet investment
- Maven Capital invests £2m into Documetric
- YFM Venture Finance invests £400,000 into Lattice Voice
- Emertec supports Insiteo
- Chalmers leads a SEK 2.3m funding round for Aluwave
- Wellington leads $16m Livebookings funding
- NextStage makes EUR 1m Expertissim investment
- Neuhaus Partners and T-Venture invest in WWG
- Auriga leads EUR 3.2m Cytoo financing
- Advent, AGF and Atlas return for EUR 15m Dailymotion investment (TechCrunch post)
- XAnge provide KissKissBankBank with EUR 750k
- Mercia et al. invest £400,000 into Allinea Software
- MCP backs Microgame in a 8 figures deal
- Amadeus Capital invests in Linkdex
- BrainsToVentures invests in Linguee
- Seventure invests EUR 1.6m into TalentSoft (TechCrunch post)
Governmanet-backed venture investor PPM Oost has invested an undisclosed sum into internet firm Can-iT, acquiring a 16% stake in the business
Icso Private Equity and l’IRDI have provided software business AT Internet with an investment of over EUR 4m
Maven Capital Partners, via its Capital for Enterprise Fund, has invested £2m into Documetric, a provider of business-to-business services
YFM Venture Finance, via its PIF and YHEF vehicles, has invested £406,000 into telecoms software company Lattice Voice Technologies
Emertec, alongside a group of business angels, has provided a first round of funding for Insiteo, an indoor geo-location company, valued at several million euros
Chalmer Innovation Seed Fund has alongside Innovationsbron and existing backers participated in a SEK 2.3 millions round for Aluwave
Pan-European venture capital firm Wellington Partners has led a $16m funding round for online restaurant marketing and reservations service Livebookings, along existing investors
NextStage has invested EUR 1m in Expertissim, an online art retail platform
German venture investor Neuhaus Partners and T-Venture, the venture capital company of Deutsche Telekom, have joined existing investors Holtzbrinck Ventures and High-Tech Grunderfonds, in a series A round of funding for online games portal Worldwidegames GmbH (WWG)
Augriga Partners has led a second round of financing for technology company Cytoo, raising EUR 3.2 millions
Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International have returned for a EUR 15m third round of funding in Dailymotion, alongside a new investor
XAnge Private Equity has provided KissKissBankBank, an internet platform, with EUR 750,000 in seed financing
Mercia Technology Seed Fund and Midven, via its Advantage Growth Fund, have co-led a £400,000 seed funding round for specialist software developer Allinea Software
International private equity fund Monitor Clipper Partners (MCP) has backed online game operator Microgame, in a deal thought to be valued in the tens of millions of Euros
Amadeus Capital Partners, via its Amadeus Seed Fund and Amadeus III vehicle, has invested EUR650,000 into software company Linkdex
Investors from BrainsToVentures have, together with its in-house fund, provided a second round of financing for online translation search engine provider Linguee GmbH
Seventure Partners has provided software company TalentSoft with an investment of EUR 1.6m
Recent european venture capital deals
- Germany: Earlybird has led a first round of financing for software company azeti Networks GmbH, alongside NRW Bank.
Press release. - France: Ventech and Auriga Partners have invested EUR 2m into software company BonitaSoft.
Announcement. - UK: Foresight Venture Partners and Octopus Group, via its Titan VCT fund, have invested, alongside private investors, in online CV and career profile provider iProfile, in a funding round worth more than £1.5m.
- Germany: A consortium of investors including Crédit Agricole Private Equity, Corporate Finance Partners CFP and Founders Investments GmbH & Co KGaA have invested an undisclosed amount into e-sports company Turtle Entertainment GmbH.
- France: Private equity firm Gimv has backed online furniture retailer Made in Design in a first institutional financing round worth EUR 4.5m.
Press Release.




